GameStop stock price will be in the spotlight on Monday as the company makes a leveraged bid for eBay, the e-commerce pioneer. GME stock jumped by over 6% on Friday, reaching its highest point since October last year.
GameStop Chief Executive Ryan Cohen has made an unsolicited offer to acquire eBay Inc for about $56 billion, the Wall Street Journal reported on Sunday.
Cohen said GameStop has built a roughly 5% stake in eBay and was offering $125 a share in cash and stock, a roughly 20% premium to its closing price on Friday.
GameStop reportedly hopes to acquire eBay in its push to become a $100 billion company. The video game retailer has been building a stake in eBay, The Wall Street Journal (WSJ) reported Friday (May 1), citing sources familiar with the matter.
The Wall Street Journal reported over the weekend that GameStop was working on a buyout offer for eBay. The combined companies would have some legit advantages and synergies.
Over the last decade, videogame retailer and original meme stock GameStop has struggled to contend with the dominance of online gaming, and its sales have declined. To turn things around, management is reportedly looking to join forces with a far bigger company: eBay.
GameStop has been quietly building a stake in eBay's shares ahead of a potential offer.
GameStop has been building a stake in eBay's shares and could submit an offer later this month, the Wall Street Journal reported.
GameStop is preparing to make an offer for eBay, according to people familiar with the matter, part of CEO Ryan Cohen's plan to turn GameStop into a $100 billion-plus juggernaut.
Avis Budget Group (NASDAQ: CAR | CAR Price Prediction) stock surged from roughly $148 a share on March 27, 2026, to a 52-week high of $847.70 in a matter of weeks, then crumpled back to $182.01 by April 28.
GameStop remains a compelling contrarian value play, with a buy rating justified by strong profitability and a cash-rich balance sheet. GME's Power Packs e-commerce platform for trading cards is a significant growth catalyst, driving collectibles sales up 35% y/y and improving margins. Despite a -14% revenue decline, the stock's adjusted net income and FCF surged, with FY26 gross margin up 680 bps and FCF margin at 18.1%.
GameStop's valuation is now not as disconnected from the company's underlying value. A $9 billion war chest, coupled with its crypto reserves, helps to somewhat justify the company's $10.5 billion market cap.